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Metals are marginally down today. Performance this week at a glance in chart & table -
Gold -
- Gold tested support around $1080 once again today, finding resistance around $1090. Today's range - $1092-$1082.
- Gold is likely to range trade with downside bias, however a sustained push below $1050 seems unlikely.
- Gold is currently trading at $1084/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.
Silver -
- Silver is better performer than gold today, however trading in low volatility. Today's range $14.71-14.5
- Silver is currently trading at $14.56/troy ounce. Support lies at $14 & resistance at $16. $15 is likely to pose interim resistance.
Copper -
- Copper is consolidating around $2.35 area. Focus is on NFP report in Friday. Today's range $2.36-2.33.
- Next target is around $2.24.
- Copper is currently trading at $2.34/pound, immediate support lies at, $2.2 & resistance at $2.65.
|
Gold |
-1.00% |
|
Silver |
-1.29% |
|
Copper |
-0.43% |
